RIL, HUL, Tech Mahindra, Auto stocks in focus

Shares of Reliance Industries (RIL) will be in focus. On a consolidated basis, Reliance Industries (RIL)'s net profit fell 38.74% to Rs 6,348 crore on 2.5% decline in revenue to Rs 151,209 crore in Q4 March 2020 over Q4 March 2019.

EBITDA increased 7.6% to Rs 25,886 crore in Q4 March 2020 over Q4 March 2019. Decrease in Q4 revenue is primarily on account of 10.1% decline in refining and petrochemicals business revenues. Sharp fall of 20.5% Y-o-Y in average Brent oil price led to lower product price realization across the hydrocarbon chain. This was partially offset by continuing growth in consumer businesses, even amidst the operational issues posed by the pandemic. Digital services and retail business recorded an increase of 30% and 4.2% Y-o-Y respectively, in revenue during the quarter.

RIL after market hours on Thursday (30 April 2020) announced that its board approved the issuance of equity shares of Rs 10 each of the company on rights basis to eligible equity shareholders of the company as on the record date (to be notified later), of an issue size of Rs 53,125 crore. Shareholders can subscribe to one equity share for every 15 equity shares held as on the record date. The issue is priced at Rs 1,257.

On a consolidated basis, Tech Mahindra's profit after tax (PAT) fell 29.9% to Rs 804 crore on 1.7% decline in revenue to Rs 9,490 crore in Q4 March 2020 over Q3 December 2019. EBITDA fell 13.8% to Rs 1,348 crore in Q4 March 2020 over Q3 December 2019. EBITDA margins fell 200 bps to 14.2% in Q4 March 2020 over Q3 December 2019.

Hindustan Unilever (HUL)'s net profit declined 1.24% to Rs 1519 crore on a 9.4% decline in net sales to Rs 8,885 crore in Q4 March 2020 over Q4 March 2019. EBITDA for Q4 March 2020 stood at Rs 2065 crore, declining 11% year on year from Rs 2321 crore in Q4 March 2019. HUL said the spread of COVID-19 impacted the business from mid-March, which culminated into scaling down of operations post the national lockdown. Domestic Consumer Growth declined by 9% with a decline of 7% in underlying volume growth.

Maruti Suzuki India had zero sales in the domestic market, (including sales to OEM), in April 2020. This was because in compliance with the Government orders all production facilities were closed. Meanwhile, following resumption of port operations, the first export shipment of 632 units was undertaken from the Mundra port, ensuring that all guidelines for safety were followed.

Mahindra & Mahindra (M&M) announced that the company sold 733 vehicles in the export market during April 2020. Domestic sales of vehicles during the month was completely impacted by the ongoing Covid-19 pandemic and resulting national lockdown.

Mahindra & Mahindra's Farm Equipment Sector (FES) announced its tractor sales numbers for April 2020. Domestic sales in April 2020 were at 4,716 units, as against 27,495 units during April 2019. Total tractor sales (Domestic + Exports) during April 2020 were at 4,772 units, as against 28,552 units for the same period last year. Exports for the month stood at 56 units.

ICICI Lombard General Insurance Company's net profit rose 23.8% to Rs 281.93 crore on 11.7% rise in total income to Rs 2,968.55 crore in Q4 March 2020 over Q4 March 2019.

AU Small Finance Bank's net profit rose 3.45% to Rs 122.32 crore on 35.65% rise in total income to Rs 1,366.60 crore in Q4 March 2020 over Q4 March 2019.

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